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                        THE PRE- SPRING MARKET HAS TAKEN OFF                     

 

Wow the 2017 Real Estate Market for the Fallingbrook neighbourhood has Taken Off! 3 Homes Sell 1M + 

It was not that long ago we struggled to hit the 600K mark, this is an incredible market and who know how long we will see these double digit gains. Durham Region and in particular Whitby has seen a significant increase in prices with the openning of the 407 extension. 

 

 

  • The current real estate market represents an opportunity to obtain "Top Dollar" for your Home
  • Knowing the value of your home in today's market can help you make important financial decisions for you and your family.                                                                                                                                                                              
  • Thinking about Selling? Call  or email me today for a FREE current market evaluation of your home!
 
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February 6, 2017 @ 3:12 PM
 
Posted by: DRAR

Durham Region Association of REALTORS® (DRAR) President reported 595 residential transactions in January 2017, a 17 per cent increase from the same time last year. “Strong demand and low inventory are a few key factors in the booming price growth in Durham Region,” stated Bouma. There were 735 new listings in January 2017, a 7 per cent decrease compared to 788 in January 2016. 


“We’re seeing record highs in average selling price in January,” said Bouma. The average selling price in Durham reached $608,417 last month. In comparison, the average selling price was $446,117 during the same period last year; a 36 per cent increase. Homes have continued to sell quickly in an average of 15 days compared to 23 days last year. “This is a story that will continue to make headlines as strong price growth, short supply, and low interest rates continue in 2017,” said Bouma. 

 

In the past 10 years, the Durham Region’s average selling price has more than doubled, from $257,850 in 2006 to $533,828 in 2016. “There is no doubt that the Durham Region will continue to grow as we enter 2017, we’re already seeing a dramatic increase from the same time last year.” 

 

“The province-wide news that Durham Region will be receiving more funding from the gas tax program for transportation infrastructure is just another example of the great quality of life for families that live or wish to live in Durham,” said Bouma. Minister of Transportation Steven Del Duca announced on February 1 that Durham Region will be receiving approximately $10 million by 2019. “This news, coupled with the extension of the 407 east to the 115, the expansion of the GO Train, and the affordability of living, makes Durham Region one of the hottest markets in Ontario.”




#DurhamRealEstate #DurhamBungalows #JimStantonRealtor.com

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Every year I stress that January and February is a Great Time to Sell Your Home! Home listing  inventories are low and there is a high demand due to the High Number of Buyer's!  It is Key that you List with a local Realtor who know's the added value our neighbourhood demands. 

 

 

 

 

  • The current real estate market represents an opportunity to obtain "Top Dollar" for your Home
  • Knowing the value of your home in today's market can help you make important financial decisions for you and your family.                                                                                                                                                                              
  • Thinking about Selling? Call  or email me today for a FREE current market evaluation of your home!
 
 
#WhitbyRealEstate #MyFallingbrook #JimStantonRealtor #JimStantonandAssociates
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